The Rise of International Business No nation in the world is self-sufficient. Everyone is involved at different levels of international business by selling what they produce or acquiring what they lack. In the global world, mutual dependencies between countries are called global interdependence. International business, import-export of goods and international investments contribute strongly to global interdependence. In recent years, mutual dependencies between countries have shifted as global business increases. The explosion in international investment levels is attributed to many variables. Among these, the most important are technological developments, developments in transportation, global competition, financial liberalization, freer borders and business confidence. Technology: Technological advances affect our lives in different ways. From an international business perspective, the most notable advancement is telecommunications. In the 1960s, transatlantic telephone lines could handle 80 calls a day online. Today, satellite and other telecommunications infrastructure handles millions of calls every day. Communication is key to creating a successful international business to keep the lead investor or company in touch with an investment or FDI abroad. Online tools, email and conference calls save executives a lot of time in managing business transactions in foreign investments. For example, contracts can be sent and signed via email or fax. Furthermore, it is possible to organize videoconference meetings, bringing together people from all over the world in just a few minutes. The ability to communicate instantly with a manager abroad, allows companies to expand internationally with...... middle of paper ...... in technology and transportation, giving companies the confidence to invest across borders . The Internet is a widely used tool in international business transactions. Information security technologies maintain the confidentiality of business transactions and information between companies in different countries. Transport guarantees punctual and safe deliveries. Furthermore, the liberalization of the world and the implementation of capitalist economic policies around the world attract investors to invest across borders without worrying about political disasters. International trade has become less risky and time consuming thanks to the use of postal services, banks and insurance companies. International trade agreements and organizations such as the WTO have established particular standards to protect, stimulate and encourage international business.